Foundation problems are becoming more common in California because of the recent drought. Without rain, the earth around your house contracts and causes your foundation to shift, crack, and sink. The rains this past winter didn’t help matters much. Once the ground becomes saturated, it lifts the foundation up again, shifting things even more. But even though many California houses are affected by foundation issues, it doesn’t make it any easier to get yours sold. Thinking through how to sell a house with foundation problems may make you feel as though you are between a rock and a hard place. You only really have two options: making the repairs or selling as-is. Let’s take a look at the costs and challenges involved in both choices and, perhaps, you’ll see that one suits you better than the other.
It could be that it is getting harder and harder to make the payments on your Madera home and you need to find a way to avoid foreclosure in California as quickly as you can. Or perhaps you are moving out of state for a job and need to leave Irvine for Austin as soon as possible. Promptly getting your home show-ready is the first step to getting it on the market and, hopefully, sold sooner rather than later—assuming you have the time, energy, and resources to tackle all the tasks. To give you an idea of how to get your house ready to sell in a week, we have listed a few ‘must-dos’ here that can also make selling the house faster, and easier, too.
The time it takes to sell a home located in Riverside County will differ from the amount of time it might take to sell in Sacramento County. And while the number of days your house spends on the market will vary from city to city, you will even find variation from neighborhood to neighborhood, too. But average days-on-market isn’t just about geography. There are other factors that influence how quickly you can, or cannot, offload your property. If you are moving out of state for a job, need to settle other debts, or are trying to avoid foreclosure, knowing what to expect can be a critical component to effectively managing all of your affairs. It may also help you decide on the ways in which you may be able to change the outcome—should you hope to speed up the process.
You have probably read about home sellers getting sued by their buyers after the house has been sold in the real estate section of the Sacramento Bee or the Orange County Register. You might have even heard stories from a friend or from your own neighbors. The issue usually involves undisclosed problems or damage that was uncovered by a home buyer later and that potentially has a negative impact on the property’s value. Sometimes, repairs were promised before close of escrow and never satisfactorily made. In either case, imagining such a scenario happening to you can put you on edge when it comes time to sell your home. And, this might make you rethink whether you should fix your house or sell it ‘as-is’ since, technically, repairs are not required to sell a house in California. To help take some of that edge off, we will take a look at what you should and should not do, as well as what you can do, once you decide to sell.
Inheriting a house in California has to be called a lucky break, but maybe it’s not the opportunity that you’ve been looking for. If you don’t want to keep it, you can sell the house and use the money for what you really want. The only question is how to best get it sold. And the answer depends on your priorities and circumstances—how much money you want or are able to put into selling the house and how fast you need to sell it. If you choose to spend thousands of dollars, you can use a real estate agent to sell the house as quickly as possible and probably for the highest price. Putting the house on the market “for sale by owner” will require less cash up front, but it’ll take more time and work. We’ll take a look at both of those choices and suggest a third way that may be a better fit for your needs.
Selling your house to move out of state for a job can be tough, especially when you’ve lived in the same city, or even the same state, for years. Of course, a change in jobs is not the only reason you may need to sell your California home. Plenty of homeowners decide to sell in an effort to avoid foreclosure or because they simply want to downsize to something that is more manageable after the kids go off to school. Whatever your circumstances, deciding to conduct a ‘for sale by owner’ can help you save money if funds are tight. But, to make the most out of this option, it’s important to skillfully, and carefully, navigate the steps you have to take when selling a home without an agent. So, how do you successfully sell a house by owner in California, especially if it needs to happen quickly? It can be easier than you think.
Calculating Taxes on the Sale of Rental Property in California: How to Minimize the Total Cost of Selling
When you’re a California landlord selling rental property, capital gains taxes are one of the many costs that might keep you up at night. Of course, you’ll also have to get the property ready for sale—even minor repairs can add up to a pretty penny. Plus, you can expect to pay a real estate agent and California commission rates are sky high compared to other states. The expenses of selling just keep adding up. Isn’t there a better way, one that will leave a little more cash in your pocket? If you understand how taxes on the sale of a rental property in California are calculated, you can make a more informed decision about how to go about selling it—and keeping costs down.
It can be costly owning and managing multi-family units, or even a single-family home that’s a rental, especially if your property is located in a pricey California County, like Orange or Sacramento. And, it’s not just your funds that may flatline—precious time and energy can get depleted as well. But as a California landlord, selling rental property can be an equally challenging prospect if you’re trying to sell the property with tenants in residence, the road ahead of you may prove to be that much more difficult. Still, you have a couple of options for selling when you’re tired of being a landlord and it’s time to get a property off your books. Which one works best for you will depend on how easy you need the sale to be.